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KIM
Karpus Investment Management Portfolio holdings
AUM
$3.48B
1-Year Est. Return
10.49%
This Fund
S&P 500
This Quarter
Est. Return
+2.09%
1 Year Est. Return
+10.49%
3 Year Est. Return
+24.71%
5 Year Est. Return
+15.24%
10 Year Est. Return
+55.85%
AUM
$1.95B
AUM Growth
-$250M
(-11%)
Cap. Flow
-$290M
Cap. Flow
% of AUM
-14.88%
Top 10 Holdings %
Top 10 Hldgs %
29.22%
Holding
203
New
14
Increased
56
Reduced
81
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen AMT-Free Municipal Credit Income Fund
NVG
|
+$25.2M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$18.6M |
| 3 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$15.3M |
| 4 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$14.2M |
| 5 |
EACQ
Easterly Acquisition Corp
EACQ
|
+$9.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACG
AllianceBernstein Income Fund Inc
ACG
|
+$154M |
| 2 |
FDI
FORT DEARBORN INCOME SECS
FDI
|
+$20.3M |
| 3 |
ZF
Virtus Total Return Fund Inc.
ZF
|
+$19.9M |
| 4 |
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
|
+$18.8M |
| 5 |
Invesco Municipal Trust
VKQ
|
+$17.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.65% |
| 2 | Financials | 5.33% |
| 3 | Industrials | 1.22% |
| 4 | Energy | 1.03% |
| 5 | Consumer Staples | 0.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.03T
| $118M | 6.06% |
614,486
-78,880
| -11% | -$15M |
|
2
BlackRock Income Trust
BKT
$335M
| $70.4M | 3.61% |
3,539,691
-112,195
| -3% | -$2.21M |
|
3
Vanguard FTSE Europe ETF
VGK
$30.9B
| $63.1M | 3.24% |
1,353,104
+201,186
| +17% | +$9.77M |
|
4
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
| $53.8M | 2.76% |
465,228
+1,225
| +0.3% | +$139K |
|
|
5
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $50.2M | 2.57% |
1,022,352
+312,149
| +44% | +$15.3M |
|
|
GAM
6
General American Investors Company
GAM
$1.61B
| $45.5M | 2.33% |
1,476,456
-30,610
| -2% | -$950K |
|
7
Adams Diversified Equity Fund
ADX
$3.24B
| $45M | 2.31% |
3,554,440
+9,174
| +0.3% | +$116K |
|
8
Nuveen Municipal Credit Income Fund
NZF
$2.39B
| $41.8M | 2.14% |
2,625,632
-6,435
| -0.2% | -$99.5K |
|
9
Liberty All-Star Equity Fund
USA
$1.85B
| $41.6M | 2.13% |
8,287,849
+75,916
| +0.9% | +$379K |
|
|
10
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.63B
| $40M | 2.05% |
2,460,357
+1,608,233
| +189% | +$25.2M |
|
|
ICB
11
DELISTED
Morgan Stanley Income Sec. Inc
ICB
| $38M | 1.95% |
2,072,080
+435,421
| +27% | +$7.89M |
|
12
BlackRock Credit Allocation Income Trust
BTZ
$948M
| $37.4M | 1.92% |
2,869,027
+32,157
| +1% | +$409K |
|
13
Gabelli Equity Trust
GAB
$1.76B
| $36.5M | 1.87% |
6,851,753
-1,952,851
| -22% | -$10.4M |
|
|
FAM
14
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
| $34.5M | 1.77% |
3,014,331
+172,502
| +6% | +$1.9M |
|
15
TRI-Continental Corp
TY
$1.89B
| $33.4M | 1.72% |
1,627,885
-364,084
| -18% | -$7.37M |
|
|
MIN
16
Aberdeen Intermediate Income Fund
MIN
$279M
| $33.2M | 1.71% |
7,163,517
-210,625
| -3% | -$971K |
|
|
NQS
17
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
| $32.5M | 1.67% |
2,091,511
+539,202
| +35% | +$8.16M |
|
18
Vanguard FTSE Pacific ETF
VPL
$8.56B
| $29.9M | 1.54% |
537,216
+72,514
| +16% | +$4.05M |
|
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$825B
| $26.5M | 1.36% |
126,615
+89,720
| +243% | +$18.6M |
|
20
Vanguard Morningstar Total Stock Market ETF
VTI
$687B
| $25.5M | 1.31% |
237,952
+23,906
| +11% | +$2.53M |
|
|
STEW
21
SRH Total Return Fund
STEW
$1.79B
| $24.9M | 1.28% |
3,062,309
-58,893
| -2% | -$470K |
|
|
CXH
22
DELISTED
MFS Investment Grade Municipal Trust
CXH
| $24.3M | 1.25% |
2,300,942
-13,025
| -0.6% | -$135K |
|
23
Vanguard Total Bond Market
BND
$161B
| $24.1M | 1.24% |
286,036
+63,449
| +29% | +$5.27M |
|
|
ZTR
24
Virtus Total Return Fund
ZTR
$342M
| $23.5M | 1.21% |
1,956,478
-1,133,183
| -37% | -$13.7M |
|
25
BlackRock Core Bond Trust
BHK
$655M
| $23.3M | 1.2% |
1,669,709
-632,025
| -27% | -$8.59M |
|
Similar funds
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TCG
TC
CI
ATC
NBS
SYBT
CK
Karpus Investment Management's Q2 2016 Portfolio in Review
As of Q2 2016, Karpus Investment Management held 203 positions worth $1.95B, down 11% from $2.2B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Karpus Investment Management withdrew a net $290M in Q2 2016, closing 35 positions and reducing 81 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 85% a quarter earlier, followed by Financials and Industrials.
Against the trend, Karpus Investment Management opened a new position in iShares Currency Hedged MSCI Japan ETF worth $13.4M.
- Karpus Investment Management's largest Q2 2016 buy was iShares Currency Hedged MSCI Japan ETF: 574,480 shares worth $13.4M.
- Karpus Investment Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q2 2016, an estimated $25.2M increase.
- Karpus Investment Management's biggest Q2 2016 reduction was Virtus Total Return Fund Inc., cutting an estimated $19.9M.
- Karpus Investment Management fully exited AllianceBernstein Income Fund Inc in Q2 2016, selling an estimated $154M.
- Karpus Investment Management's ten largest holdings make up 29% of its $1.95B portfolio in Q2 2016.
- Karpus Investment Management opened 14 new positions and closed 35 in Q2 2016.
- Karpus Investment Management's portfolio value fell 11% quarter-over-quarter to $1.95B.
Based on Karpus Investment Management's 13F filing for Q2 2016, filed 15 Aug 2016.